The Renewables Monthly Metals Index (MMI) picked up 4.2% for this month’s MMI reading, as Rio Tinto announced plans to build a new tellurium plant and cobalt prices are surging. (Editor’s note: This report also includes the MMI for grain-oriented electrical steel, or GOES.) The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
Year: 2021
What are ArcelorMittal’s prospects in the US after its Cleveland-Cliffs deal?
ArcelorMittal has strong prospects in the United States. This is even after the group sold in 2020 almost 14 million tons of integrated crude capacity to Cleveland-Cliffs. “It is one of the major steel markets, even though many steel plants in the United States have shut down in the past 10 years,” one analyst said. […]
ArcelorMittal Nippon Steel to build new steel plant for nearly $7 billion
ArcelorMittal Nippon Steel India Ltd (AM/NS) signed an agreement with the provincial government of Odisha in eastern India to build a US $6.88 billion steel mill. The proposed plant is a joint venture between ArcelorMittal and Nippon Steel, and will have a production capacity of 12 million tons per year. ArcelorMittal had to drop its […]
This Morning in Metals: March 2021 Annual Outlook update now available
This morning in metals news: MetalMiner’s March update to its Annual Outlook report is now available to subscribers; US steel capacity utilization reached 77.4% last week; and the United States Trade Representative announced the conclusion of WTO quota negotiations with the European Union. The MetalMiner Best Practice Library offers a wealth of knowledge and tips […]
Global Precious MMI: Gold retraces as dollar firms, long-term treasury yields rise
The Global Precious Monthly Metals Index (MMI) dipped 0.7% for this month’s index value, as gold prices have continued to slide. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Gold price dips below $1,700/oz Amid economic uncertainty and turbulence, many turn to traditional safe-haven assets like […]
GFG Alliance, Liberty Steel financial position under scrutiny
The media loves stories of the rise of underdogs, of entrepreneurial spirit and corporate derring-do — so has been the story of Sanjeev Gupta and the meteoric expansion of his GFG Alliance in recent years. That rise has almost defied the gravity of conventional business in a string of acquisitions, often of defaulting or bankrupt entities, […]
This Morning in Metals: U.S. Steel acquires flat rolled steel sheet patents
This morning in metals news: U.S. Steel announced the acquisition of patents from The NanoSteel Company, Inc.; meanwhile, China is eyeing stronger management of its mineral resources; and, lastly, Rio Tinto plans on building a new tellurium plant at its Kennecott mine. U.S. Steel acquires steel patents U.S. Steel announced it had acquired flat rolled […]
Rare Earths MMI: Lynas reports half-year results; executive order eyes rare earths supply chain
The Rare Earths Monthly Metals Index (MMI) rose by 10.6% for this month’s reading. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Lynas Rare Earths reports half-year results Australia’s Lynas Rare Earths Ltd., the largest rare earths firm outside […]
Week in Review: Steel capacity; February US auto sales; OPEC meets
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, which this week includes coverage of steel capacity utilization, the latest OPEC ministerial meeting and much more. Overall, most base metals seem to be retracing from a late February peak. […]
This Morning in Metals: OPEC ministers agree to maintain March output levels into April
This morning in metals news: ministers of oil-producing countries agreed this week to by and large maintain March output levels in April; Texas and Florida posted gains in small-scale solar capacity last year; and China’s steel imports surged in 2020. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]